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blockbuster retail sales. this economy is stronger than you think. that may be a triumph. president obama says there's no immediate debt crisis. he thinks we're clear for the next ten years. sir, are you sure? we'll have the details four on that debate and doesn't forget free market capitalism is always the best path to ross peter. later in the show we'll show you a violation of it that blows my mind. i'm kudlow. we'll be right back. revolutionizing an industry can be a tough act to follow, but at xerox we've embraced a new role. working behind the scenes to provide companies with services... like helping hr departments manage benefits and pensions for over 11 million employees. reducing document costs by up to 30%... and processing $421 billion dollars in accounts payables each year. helping thousands of companies simplify how work gets done. how's that for an encore? with xerox, you're ready for real business. see lioutdoors, or in.ight. transitions® lenses automatically filter just the right amount of light. so you see everything the way it's meant to be seen. maybe even a little bett
: the pope, the economy, the smart phone and a tour of rome when we continue. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: we begin this evening with continued analysis of the historic events in rome. all eyes on the vatican. on wednesday evening, jorge berguliglo many saw him as a surprise choice. he's the first jesuit. pope francis is known for humanity and long time service to the poor. he inherits a troubled church much reconciled tradition with a modernizing world. joining me now in rome and new york, monsignor lorenzo al katie and frank bruni and on the phone from rome daniel wakin to talk about what has happened since the selection of the new pope -- why this pope. >> two main reasons. one is significant cardinals really did want to go in a different direction. i think they wanted someone that into of could interject a hint of humanity and solidarity with the poor. a tough administrator. and the other part which is hard to figure out is due to the internal policies of the conclave and the jockeying of different groups
be a great power. grow rich, but remain a one- party state. >> as the economy continues to thrive, much of the west is locked in uncertainty. what can nation's land from ,ountries like china, mexico and brazil? that is the topic addressed by the dean of new york university in his new book "turnaround." what do you think? this idea there needs to be political freedom in china in order to have economic growth. delimiteral freedom on economic growth? >> places that are free, we see economic growth in both places. democracy has its own fruits. democracy has also sometimes struggled with economic change. both systems can produce austerity. >> are their commonalities in those countries that have had significant economic growth? are the things they have done that have succeeded? >> yes. there are three keys to prosperity. this a plan, clarity, -- discipline, it clarity, and trust. policy,ontext of fiscal they have been able to save for a rainy day. when times are good, you have a cushion when things are not so good. >> this was pointed out in the 2008 crash. or a decade, the west dictating the
are for better or worse, ingrained features of the american economy. since when did cutting the deficit become such a big budget priority. we'll discuss the gop's attention deficit disorder when the ranking member of the house budget committee, congressman chris van holland joins us, just ahead. >>> time for the your business entrepreneur of the week. las vegas anesthesiologist took his experience in the e.r. and created a hangover cure, using an iv-administered formula. he put it on a bus, treating suffererses up and down the strip. we're here! we're going to the park! [ gina ] oh hey, dan! i really like your new jetta! and you want to buy one like mine because it's so safe, right? yeah... yeah... i know what you've heard -- iihs top safety pick for $159 a month -- but, i wish it was more dangerous, like a monster truck or dune buggy! you can't have the same car as me! [ male announcer ] now everyone's going to want one. let's get a jetta. [ male announcer ] volkswagen springtoberfest is here and there's no better time to get a jetta. that's the power of german engineering. right now lease on
food assistance to kids in this country and funding for r&d will drive our economy, but we can't appropriate a sum of money to fix the real cost of iraq. can't pay back the lives of 4,486 american men and women who have died there or the roughly 2,000 broken soldiers who came home and took their own lives. the wounded, physically and mentally, the soldiers who didn't know how not to be a soldier, the families living with a hole in their hearts and the families living with someone they no longer recognize. 10 years leaving their families, living in hell, coming home to unemployment and the homelessness, to a country that's forgotten that it's at war at all, to a country that seems to think a yellow ribbon magnet on their bumper is the only kind of support that oir troops need and the cost in iraq, untold deaths. let me rephrase that. unknown deaths. we can only guess at the destruction that we have left in our wake. 115,000 iraqis, 600,000, you can find the number, what was the long-term impact of that on the environment, the water and health? what happens when someone lives in
economy of our church is another big step in the right direction. >> reporter: the president along with first lady said is one wishes to the new pope in a statement that reads in part by look forward to working with his holiness to advance peace, security, and dignity for our fellow human beings fifth regardless of faith. we have also learned that vice-president biden will trav to rome for the pope's installation. lou: thank you very much. fox news correspondent. turning back to washington. the president asked by an unnamed republican whether white smoke would be emanating from the capitol building after today's meeting with republicans . the president responding, i think that straining the analogy a lot of folks would agree with them. not a surprising sentiment considering the president gave a national interview before the meetg trying to downplay the possibility of striking any kind of bipartisan deal on budgets cut taxes, and deficit reduction. >> it may be that the differences are just too white if their position is we cannot do any revenue or we can only do revenue if we get m
the world's second largest economy, after the united states. and it is the second largest foreign holder of u.s. debt, about 7.5% of the total. but the two nations' economic relationship has been marred recently by allegations of widespread cyber-attacks on american targets. >> increasingly, u.s. businesses are speaking out about their serious concerns about sophisticated, targeted theft of confidential business information and proprietary technologies through cyber intrusions emanating from china on an unprecedented scale. >> woodruff: china's foreign minister initially dismissed the allegations, but on tuesday a spokeswoman took a different tone. >> ( translated ): what the internet needs is not war but rules and cooperation. china is willing, on the basis of the principles of mutual respect and mutual trust, to have constructive dialogue and cooperation on this issue with >> woodruff: u.s. officials welcomed that statement, and today, white house press secretary jay carney said president obama telephoned xi to congratulate him on his election. as for the cyber-attack issue... >> i can
this year? and would a balanced budget hurt the economy? joining me kevin mccarthy and the top democrat on the budget committee, maryland congressman chris van hollen. a little later, our round table will be back talking about the future of the republican party, and republican governor scott walker of wisconsin will join the conversation. and let in real people. it smells good. like laundry fresh out of the dryer. a man fresh out of the shower. nailed it. proof. febreze car vent clips keep your car fresh. breathe happy. i honestly loved smoking, and i honestly didn't think i would ever quit. [ male announcer ] along with support, chantix (varenicline) is proven to help people quit smoking. it reduces the urge to smoke. it put me at ease that you could smoke on the first week. [ male announcer ] some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or
in washington. is something going to get done this year, and would a balanced budget hurt the economy? joining me for debate, the republican wlip in the house, kevin mccarthy, and the top democrat on the budget committee, congressman chris van hollen. >> we'll talk about the future of the republican party, and >> we'll talk about the future of the republican party, and republican governor scott walker for those nights when it's more than a bad dream, be ready. for the times you need to double-check the temperature on the thermometer, be ready. for high fever, nothing works faster or lasts longer. be ready with children's motrin. like a squirrel stashes nuts, you may be muddling through allergies. try zyrtec® liquid gels. nothing starts working faster than zyrtec® at relieving your allergy symptoms for 24 hours. zyrtec®. love the air. >>> on tuesday, the day a new pope was installed in rome, president obama makes a sensitive trip to the holy land for his first presidential trip to israel. the trip isn't ambitious. mostly the president seems to be responding to critics who question why he's n
for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and friends of the newshour. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to yo pbs station froviewers like you thank yo >> woodruff: china officially installed its new leader today. xi jinping took the final step in affirming his status, adding the post of president to his other positions of power. the delegates arriving at beijing's great hall of the people had been carefully selected. and once inside, they did just as expected, formally electing xi jinping as president. ( applause ) he was the only candidate, and won 2,952 votes. a lone delegate voted no, and three abstained. >> ( translated ): it meets the popular expectations, and it meets the expectations of the chinese people and t
according to the local immediate roll gist. the economy is hurting badly. this was a jolt for the economy. or seemed to be. italians react to the man as we think he will? he is of italian heritage, and so many people in argentina have italian roots. 50-60% of the population, i have now read, in argentina with italian linage in one way or another. this is bringing together two worlds. worlds where the papacy resided forever and where the catholic people's numbers are the highest. it's interesting this is the dawn of the new day for the church. they could use the hope and inspiration. >> kimberly: we're going to bring in eric bolling. >> eric: hey, shep. cardinal begala chose the name pope francis. the first francis, not the second or third. the first time. he came out and the first words he spoke very informal. he's said to have lived in a small apartment in argentina where he could have lived in a palace. his informal, humbleness, does it give us insight to what his papalsy will bring? >> those in the know seem to believe it would. pope john paul ii in 1978, his self-deprecating umore led
the economy is getting better, not great, but slightly better. housing will continue to improve. martin luther may or may not be unveiling a new line of papal colors. and go on streetsigns.com to see me race our producer on lawn tractors. he wins. he's got the weight advantage. >> thanks for watching "street signs" everybody. "closing bell" is next. >>> well, we'll see history made today, one way or the other, whether it's in rome or here in new york city. i'm bill griffeth. welcome to "closing bell." we're here at the new york stock exchange, where it looks like another photo finish if history is to be made in the stock market. we know history's about to be made there in vatican city. right now the dow's up 4.5 points. >> history being made on several fronts. i'm sue herrera. maria bartiromo will be right back tomorrow. and at any moment, we'll find who the new pope is. less than an hour ago, that white smoke billowed high above st. peter's square, signaling the cardinals had chosen the new pontiff. we'll keep these dramatic pictures for you throughout the hour, until we see the new pope, lea
understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> welcome back to squawk this morning. the dow has reached a ninth straight up session. is the market due for a correction? we've been talking about that for a long time. let's start that discussion. we have a couple of people joining us. gene peroni, senior vice president and portfolio manager at advisers asset management. we have joe kinehan. and on set, david pearson, senior vice president and chief economist at nationwide insurance. do we think a correction is coming? >> you know, there are corrections all the time. as long as the fed keeps monetary policy with pedal to the metal expansion and the economy is growing, then the trend in the stock market should be up. >> i'm going to go to santoli. do you think a correction is coming? >> i thought the ingredients we
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is -- we've got two crisises going on. one we are in a job crisis, a slow economy, and how do you address that, austerity and cuts, spending cuts, and raising taxes, and the republicans are right about that raising taxes slows the economy, cutting spending close the economy. we are trying to deal with both of those crisis at the same time. we've got to 3.5 trillion in revenue increases and spending cuts while the economy has continued to sort of grind slowly. i think what we're looking at now, what we're hoping i think, everybody hopes both side can come together on it, again, how do we get to the 4 trillion that bowles-simpson recommended without killing the economy? and i think that's why you get both these sets of facts that are true. both side are actually right about this. now the question is -- and we've avoided killing the economy by trying to address it. jon: everybody a grows that the long-term driver of the problem are the programs like medicaid, social security. so this president doesn't have to run again. why not do something bold and tell americans, you know, if you're under
are warning that the unprecedented measure could scare away investors from the eurozone's weaker economies. --separate's president cypress's president has just addressed the nation. what did the president have to say? he calmed the situation? >> he appeared on television in the last 20 minutes or so. he just wrapped up his speech, very sober. he said he fully undertakes the ,esponsibility for his actions and the solution to cyprus's economic woes. he said, this is not what we wanted to do, but it is the least painful under the circumstances. the lessn his words, worse of two evils. he said, we are trying to avoid these viciou the vicious circled memorandum. he said that he would respect the vote of romans, but his job is to try to cobble together a majority to get this past -- parliament, but his job is to try to cobble together a majority to get this passesed. >> cyprian's are stunned. they never dreamed they would be affected personally, that money would be taken from their accounts. they feel like they have been very hard done by, and they desperately oppose this bailout agreement. many
're doing. if we have a growing economy but if the leaders of congress can't come together and deal with the sequester and the possible shutdown and we continue to live in these short- short-term crises, it diminishes our strength around the world. it does. >> michael: that seems to be happening. you told us straightforwardly and exactly what it is democratic strategy kiki mclean, thank you for coming in to "the war room" today. >>> undeterred from the angry stares and slack jawed confusion from the media, elizabeth warren continues to speak truth to power. the latest on her introduction to this unique phenomenon in washington that story next. with award winning documentaries that take you inside the headlines. real, gripping, current. documentaries... on current tv. you're invited to take the lysol wipes challenge. try lysol dual action wipes and see the cleaning power. lysol dual action wipes have 2 sides instead of one. a scrubbing side that cleans tough stains better than clorox. and a smooth side for everyday touchups. all while killing 99.9% of germs. take the lysol w
. >>> new report says california's economy will continue to improve with increase business investment and decreasing unemployment numbers. the forecast said it is estimated to grow 2% this year and 3% the following year. in california unemployment is expected to hit 9.6% this year and drop to 8.4 in 2014. >>> report shows retail spending is up despite higher taxes. americans spent at a fast pace in february. experts say the new numbers show people continue to spend even with higher payroll taxes cutting into their take home pay. experts predict a growth for the u.s. economy this year. >>> traders on wall street kept the market's streak going for a 9th day. the dow is up 5 to 14,455. the nasdaq is up 2 at 3,245. the s&p is up 2 to 1,554. >>> a new plan to extend last call has californians and bar managers worried. >> and we had numbers into the low 80s in some neighborhoods. more fog out there now and it will increase tomorrow, that mean as cool down -- means a cool down, how much cooler for your bay area thursday? i will have the details. . >>> we have breaking news right now from in
the economy as the most frequently named problem in the poll. that 20%, by the way, as i said a minute ago, is highest since early june 1974. just months, actually months before richard nixon resigned. we'll be right back. no. oh dad, you remember my friend alex? yeah. the one that had the work done... good to see you. where do we go when we die? the ground. who's your girlfriend? his name is chad. and that's where babies come from. [ male announcer ] sometimes being too transparent can be a bad thing. this looks good! [ male announcer ] but not with the oscar mayer deli fresh clear pack. it's what you see is what you get food. it's oscar mayer. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before i
the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> well, here's a telling number about the state of our government right now. according to a new gallup poll, the number of americans who say they're dissatisfied with the government is the highest it's been since watergate. 20% of those polled, one in five say the satisfaction with the government is the country's biggest problem right now. that's up from 16% just last month. it's climbing and trails only the economy as the most frequently named problem in the poll. that 20%, by the way, as i said a minute ago, is highest since early june 1974. just months, actually months before richard nixon resigned. we'll be right back. >>> welcome back to "hardball." the conservatives have come to town to washington. the annual cpac conference is under way just outside washington. it's making news
since 1996 and big banks are upping outlook on the economy and we're going to bring you the real headline after the break. the opening bell is next. friday night, buddy. you are gonna need a wingman. and my cash back keeps the party going. but my airline miles take it worldwide. [ male announcer ] it shouldn't be this hard. with creditcards.com, it's easy to search hundreds of cards and apply online. creditcards.com. with fidelity's new options platform, we've completely integrated every step of the process, making it easier to try filters and strategies... to get a list of equity option.. evaluate them with our p&l calculator... and execute faster with our more intuitive trade ticket. i'm greg stevens and i helped create fidelity's options platform. it's one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. >> all right. so we're a little less than 50 seconds away from the opening bell. nine straight days of rallies and i've got to tell you, e-mac, the most hated, most stealthy rally in the history of the stock mar
with the challenges facing our economy. the fact is there are folks on both side of the aisle that talk a good game on the idea of reforming medicare or doing something about social security, nobody wants to own the plan. they want to agree to it reluctantly to a plan brought up by the other side because here's another fact. medicare and social security are universally popular and even in a republican primary getting caught messing around with social security without a reason is bad politics. so any time you hear this from either side, the other side needs to lead, translation i'm not going to put out a plan on medicare or social security. you do it. maybe i'll agree to it. today is the second day of the organizing for action conference here in washington. when you hear what the president told political donors and activists last night, bear in mind he made those remarks after an hour of having his own motives questioned by house republicans repeatedly. from the outset, the president went out of his way to say his aims with ofa are not just political. >> people have been puzzled about what it is tha
when it comes to the economy. listen to this. >> my goal is not to chase a balanced budget just for the sake of balance. my goal is how do we grow the economy, put people back to work, and if we do that, we're going to be bringing in more revenue. martha: stuart varney, host of "varney & company" on the fox business network. what do you think about that statement? he says you shouldn't just chase a balanced budget just for the sake of being able to say it is balanced? >> i think the president was spelling out his priority and his priority is not balancing the budget for the sake of balancing the budget. his priority is growth by spending more government money. that i think is his priority. and as you said, martha, that is in sharp contrast to paul ryan who is deliberately going after deficits and the debt and wants to balance in ten years. so you've got two very clear sides here. the president says, spending and debt probably sustainable. paul ryan said, no, it is definitely not. martha: is that debt sustainable, stuart? it's growing like wildfire. >> take a look at right now. a
down. >> george bush ruined the economy. obama is trying to save it. >> stephanie: yes, lowest level of spending since eisenhower. rush limbaugh >> so what the left tries to do -- you'll hear this fill this pulpit praise for his behavior towards the poor and people in the thir world, and it's going to be an attempt to soften him up, because eventually what they want him to do is renounce christ. that is the objective of the progressives who oppose the catholic church. >> stephanie: oh! oh! it's progressives that -- you mean alter boy rape? what do we oppose? >> no progressives want the pope to renounce christ. >> stephanie: oh yes, that's on the top of my list. >> huh? >> he is just making stuff up. >> stephanie: and that's why pat boon would come in on fox business channel. >> he is following his play book which is [ inaudible ] rule for radicals. >> come on. >> this is the guy that trained him to be a marksist, a socialist, a progressive -- >> those are not the same things! >> -- but there has to be some kind of reasoning for what he does. he has a plan which he
people, but the economy, that was a glimpse of the kinds of effects that you could create with a cyberattack. that is why it has our attention. >> that is why individual industries, and given the potential, had preemptive action today. >> senator, i think that this set some standards and goals. we have identified the correct relationships between commercial and private and government. .. i presume that you are seeing huge pressures as naval forces are withdrawn because of budget pressures, but also can you comment on the role of coast guard because even though it's not the jurisdiction i present a place of very large role, too. if the idb to push its in your al because that will degrade. >> i think i plan to grow on their life in that part of the world. we are ensuring that they hip and shoulder to shoulder. as you say with a secret regime, i occupy a seat that is before suitable combatant commanders. we didn't get much that we get just about zero now if sequestration stands. what that translates to his last year we get 150 to 200 tons of cocaine on the high seas, coast gu
sanctions ever. it's having a significant effect. >> on the economy? >> there is the president of the united states saying it could take a year for iran to develop a nuclear weapon. let's discuss what is going on. that's the first time i heard the president give such a specific timeline, within a year or so iran could have a nuclear weapon. that sounds pretty ominous. >> it does sound ominous. what it shows you is what a difficult diplomatic challenge the president has. because they're negotiating with iran through the six-party talks which are taking place in kazakhstan and there the united states has made some offers that are, you know, trying to help iran move to a kind of win-win place. now he is managing the other dimension of this which is israel. he is trying to convince the israelis that he is serious, that he sees that there is not an infinite amount of time, and he said later in the interview all options are on the table. when i say all options i mean military force and we have substantial capabilities. so he's trying to manage the iranian clock as well as the israeli clock. >> so
, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. that work the way you wish they would. like a front-end loader you can detach from your seat? or a mower deck you just drive over and cut through knee-deep grass no problem? yep. we thought the same thing you did. that's why we build them this way. that's how we run. nothing runs like a deere. visit your dealer or johndeere.com/howwerun to see the new signature series and 1 family tractors. accomplishing even little things can become major victories. i'm phil mickelson, pro golfer. when i was diagnosed with psoriatic arthritis, my rheumatologist prescribed enbrel for my pain and stiffness, and to help stop joint damage. [ male announcer ] enbrel may lower your ability to fight infections. serious, sometimes fat
the world has changed in the last ten years. the global economy is real. we don't live in a national economy anymore. everything you buy, everything you sell, everything you touch, it's all impacted by things that are happening halfway around the world. the information age is real that's made our lives easier. it's allowed you right now to take pictures with your phones and tweet every word i say for or against me. it's changed the world. and it's made our life easier. it's also changed our economy. you go into a grocery store today and you will find machines doing the jobs that people once used to do. you find a day in many businesses that one person because of automation can do the work five people used to do. it's the work around us that's changed. and this has had an impact on our people. on our hard working people. many have seen jobs wiped out. jobs they've been doing for 20 years disappeared overnight. many of them -- and many of them do things the right way. for example, they pay their mortgages on time. and now when the housing bubble came they were stuck with a bill for bailing out
secretary jack lew weighs in on the markets and the american economy. his interview just ahead. >>> and the tsa under fire. the growing backlash over knives on planes. what every traveler needs to know. good evening, everyone, and welcome to our public television viewers. suzy, the market beat goes on and on. >> it's like the energizer bunny. it just keeps going and going. the dow marches on higher for the tenth day in a row, the first time since 1997 -- 1996. it ended at 14,539. the nasdaq added 14 and the broader s&p 500 gained almost 9 points, and it's now just 2 points away from its own record high close. >>> there is some concern that the rise in the markets may have been too high too fast. and this could be the start of a market bubble. but newly installed treasury secretary jack lew tells steve liesman not so. >> the analysis i've seen doesn't give me reason to be worried right now. >> we'll have more of steve's interview with the treasury secretary in just a few minutes. >>> as the dow hits unprecedenteded heights and the s&p 500 nears its own peak tantalizingly close t
the economy and put people back to work. if we do that, we'll be bringing in more revenue and if we control spending, potentially what you have balance. >> a quick response to that. >> that's exactly the point. balancing the budget will in fact help our economy. it will help create jobs in our country. get our economy going again. and put more people back to work. the fact that the government continues to spend more than a trillion dollars every year that it doesn't have, scares investors, scares business people, makes them less willing to hire people. >> is the grand bargain dead? >> i don't know whether we can come to be a big agreement if we do. it will be between the two parties on capitol hill. hopefully, we can go to conference on these budgets. hope springs eternal in my mind. >> senators graham and ayotte and other republicans have said they're open to new revenue if the president is willing to do significant entitlement reform. is that something you could consider? would you say no to that? >> the president got his tax hikes on january 1st. the talk about raising revenue is over, i
america's case on a daily basis because he would be's with the economy. so one of the many reasons why he chose her as secretary of state because she knew she could do that for him on a daily basis around the world. that's why i think that she would bring to him accurate reading of where things stood. what she could deliver to him in terms of moving forward in terms of agreement, where the players were when it comes to libya, for example. deliver to him the -- what was needed for him to make the decision. she lost some battles but she certainly influenced a lot of decision. libya being one of them, and asia definitely. >> host: we'll get to libya next. a very interesting scenario and what happened there. but just one last question on the israeli-palestinian conflict. i was covering aipac in 2010 and she spoke there and she said farflung destinations from the chronic where she would be traveling, that issue would come up as the first, second, or third issue, and it struck me as unlikely, other than europe, that people would be focusing on this far-flung destination, and once we saw wikilea
economy is made up of things that matter most, including your career. as those things change, fidelity can help you readjust your are invested, and refocus as your career moves forward. wherever you are today, a investment choices that can fit fidelity investments. turn here. >> bbc world news was presented hi, neighbor! we're going to prince wednesday's castle for a... royal sleepover! sleeping outside is fun too. i'm going to sleep in a tent with my dad and o the owl. this is gonna be grrr-riffic! is made possible in part by... the richard king mellon foundation. dedicated for over sixty years to south western pennsylvania's quality of life, and competitive future. and by these pittsburg foundations. working together to enhance and enrich the lives of children for more than seventy-five years. and by the arthur vining davis foundations. dedicated to strengthening america's future through education. adcasting, dedicated to strengthening america's future and contributions to your pbs station, from viewers like you. ♪ and contributions to your pbs station, ♪ a beautiful day for a neighb
committee took exception saying that the city had been played. >> the world economy collapsed. >> reporter: he says there wasn't enough money to field a bunch of challengers so the expected revenue from the teams is down from $215 million to just $57 million. buehl took on the task of trying to raise $32 million from private donors to offset city expenses but so far that effort is $8 million short of where it should be. the goal now? just raise enough to keep the city from losing money. >> i honestly believe if larry ellison wins itle be back and ten times as exciting with more times next time. >> would you ever volunteer for this job again? >> if i want to stay mare wouldn't.ried i >> reporter: you you heard steven barkley the head of the event authority saying he didn't like being accused of not doing the right thing. today's hearing may have helped serve to clear the air some. after the hearing he told me he now believes everybody is onboard. recording from the embarcadero, mark matthews, abc 7 news. >>> nice outside where mark was standing. hope you enjoyed the lovely weather because i
on numerous issues facing the country. china's economy is now the world's second largest, after decades of high-speed expansion. but growth has cooled. incoming companies are growing. and must now compete with lower-paid rivals in other countries. people around china have been protesting to show their discontent. they want leaders to do something about the income gap, and they are calling for an end to rampant corruption. one of xi's biggest tasks would be to keep a lid on arrests and promote stability. this man is an expert on chinese politics. he says a speech he made upon his leadership included challenges he will face in fighting corruption. >> what impressed us the most is the emphasis he put on the importance of fighting corruption. but i was also struck how little xi said about the institutional mechanism to cope with the corruption. so far, it's not clear how xi is going to deal with the corruption. it is very clear that he is quite aware of the seriousness of the issue. >> reporter: as president, xi must provide leadership for his people. he must also guard his country's relati
the fed is pumping into the economy every month. yesterday's introduction of the new pope igniting a social media frenzy. twitter says 130,000 tweets permitted were posted about the new pope. notable considering it wasn't a prime time event. for a short time every trending topic was pope related and only by 6:30 p.m. eastern mentions of bergoglio on facebook were up by nearly 4 million percent. >> is he on twiter? >> i think he is. >> back up, yeah. >> tweeted last night. >> he did. a lot of people are following that. i think the last time we had a pope -- new pope so it wasn't even twitter. this is a whole new phenomenon for catholics to watch this news. meantime, incredible study this morning. more and more parents are stressed out. a new study from pew research. >> wait a minute. someone put money into a study. that's ridiculous. >> more than half of working moms are stressed and dads are right behind them. >> that sounds low. >> parents take on new roles. more moms are work ought side the home today with moms saying they spent 21 hours per week at a paying job, up eight hours f
economy in the world to second, within just his term. xi jinping will have to focus on shrinking the wealth gap as soon as he gets into office. also, he is taking his first foreign trip to russia. this is largely symbolic. it is to counterbalance america's pivot towards asia. america is really spreading its economic influence and its military. this is china's symbolic show that they are also spreading their base of power all the way to russia. kenya's outgoing prime minister, raila odinga, is refusing to accept defeat in last week's elections. he announced on thursday he would appeal the result in kenya's highest court. >> this is the man who believes he should have been in -- elected kenya's next president. according to official figures, he lost the vote by more than 800,000 ballots here but at a gathering of his parties newly elected -- his part -- by more than 800,000 ballots. but at a gathering of his party's newly elected officials, he said -- >> we must defend the [indiscernible] >> goading the's supporters believe he lost to systematic fraud -- odinga's supporters believe
and the handling of the economy is a dead heat with the republicans. he doesn't have to run for reelection again, but a lot of democrats do and if you're a democrat who needs to get reelected you're getting very nervous and i think the democratic elites in washington have conveyed to the president this isn't working. you've got to do business with these people. >> paul: do you think it's cosmetic, rhetorical or do you think it's actually sincere? >> well, if it were deeply sincere, it would suggest a sea change with the president and i don't think that anyone is running around washington saying, my god, do you believe how he's changed? it's called a charge offensive and that's a weird name for this. he's not being especially charming and his own white house seems to find it somewhat offensive that they have to deploy him out to talk to crazy republicans. >> there was a background growth this week. >> there was. >> on the story. >> this is not going to-- ap reporter, this doesn't mean anything, it's not going anywhere. we're almost embarrassed to-- >> just doing it for you and the media, but this
because of our resilient economy and our world currency status. we do not have a debt crisis right now but we snow it is coming and happening. >>peter: democratic senator durbin tried to put the comments in context this morning. >> we need to put americans back to work. that is our first priority. deficit reduction is the second priority coupled with economic growth. we can do both. make sure we have deficit reduction. also, do not cut too much too fast. >>peter: anyone trying to handicap the odds of a grand bargain should consider what speaker boehner said today when he told use he doesn't know whether democrats and republicans can come to a big agreement but he did add that he trusts president obama. >>heather: thank you, peter, from washington, dc. >>gregg: senator durbin weighing in on immigration reform today. notwithstanding the major hurdles the senator said an agreement is possible but a hathaway to citizenship need to be answers. >> we are working, hours every week, four democrats, four republicans. we are making progress. there are several problems. we are dealing with border
? >> it used to be a stock market was a direct barometer of america and america's economy. that is not necessarily the case anymore. main street malaise and frustration is valid. wall street, particularly talking about the dow jones industrial average, talking about the 30 biggest companies in this country, that move is valid as well. these guys are getting profits from outside of this country. the world can't get enough products from ibm. caterpillar 70% of the its business outside of this country. parent company of kentucky fried chicken, they don't care what happens here, the news from china better be good or their stock goes up and down. anywhere near all the cylinders that we could fire on and american public knows there and obviously they're very frustrated by it. martha: what do we have to do to get growth cooking back in this country again, charles? >> i got to tell you, i don't know over the next four years we will have the exact gameplan we need to be quite frank with you. there is different agenda out there controlling things, anti-business, anti-success agenda.
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. but at a minimum, in my judgment, obama care should not be funded and implemented at a time when our economy is gasping for breath. >> in other words, don't get rid of the military. just don't spend a nickel on it. their guy is basically saying in this sort of strange orwellian way, we're going to get rid of it by just not funding it. it's the minimum we can do. that guy has -- well, he's just something else. >> let's make sure that we don't use ted cruz as a barometer for much in washington. he reminds me of the japanese soldier that we found on the philippines years after world war ii ended still in his cave ready to go to war. the courts decided the issue of health care. the election decided the issue of health care. it's the law of the land. and i think it is -- like i said, let's not use him as a barometer on this. because i think the same people in the republican party understand that although they may not like it, it's the law of the land and it's going to move forward. >> steve, where are you on this? do you think it's a settled deal? i think it is. i'd like to think it is. >> it is
change, fidelity is there for your personal economy, helping you readjust your retirement plan along the way. rethink how you're invested. and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices to help you fine-tune your personal economy. call today and we'll make it easy to move that old 401(k) to a fidelity no-fee ira. how far do you want to take it? up to you. chevy cruze's six-speed transmission allows for lower shift points, offering an e.p.a.-estimated 36 mpg highway. okay, then. [ laughs ] what a test-drive. yeah. it's really more of a road trip at this point. yeah. [ male announcer ] chevy. mpg ingenuity. now get this great sign & drive lease on a 2013 chevy cruze ls for around $199 a month. we replaced people with a machine.r, what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. do you guys ride? well... no. sometimes, yeah. yes. well, if you know anybody else who also rides, s
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